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The Israeli military says it is carrying out "precise strikes" on Iranian military targets. The strikes are long-anticipated retaliation for an Iranian missile barrage earlier this month. AdvertisementThe Israeli military said Friday night (Saturday morning local time) that it is carrying out "precise strikes" on military targets in Iran, executing a long-awaited retaliation for an Iranian missile barrage earlier this month. "In response to months of continuous attacks from the regime in Iran against the State of Israel—right now the Israel Defense Forces is conducting precise strikes on military targets in Iran," IDF spokesperson Rear Adm. Daniel Hagari said. The October 1 attack followed an April barrage, during which Iran fired more than 300 missiles and drones at Israel.
Persons: , Israel —, Daniel Hagari, Hagari, LTG Herzi, Camp Rabin, HChm7XdTds, Ismail Haniyeh, Israel, Hassan Nasrallah Organizations: Service, State, Israel Defense Forces, General Staff, Israeli Air Force, Pentagon, US Central Command, Business Insider Locations: Iranian, Iran, Israel, State, Tomer, Tehran, Beirut
Although valuation matters in the long-run, sentiment has a more immediate impact on share prices, Carey Hall wrote. Carey Hall noted that "based on the equal weighted S&P 500, PE ratios are roughly at historical average levels." Bank of AmericaThe reason for this is investor pessimism, particularly when it comes to long-term growth (LTG) expectations. "Today's LTG suggests >25% price returns over the next 12 months for the S&P 500, all else equal." According to Carey Hall, the best investment opportunities lie in the interactive media & services, household durables, media, passenger airlines, energy equipment & services, and insurance industries.
Persons: , Jill Carey, Carey Hall, Carey, LTG Organizations: Bank of America, Carey Hall Locations: LTG
Elon Musk reinstated Michael Flynn on Twitter on Friday — two years after the deadly Jan. 6 attack. The former national security advisor was one of the most vocal 2020 election deniers. Flynn thanked Musk directly in a Friday tweet for allowing him back on the platform. Prior to his suspension, Flynn frequently shared falsehoods and conspiracy theories about the 2020 election results with his more than 1 million followers. Roger Stone, a staunch Trump ally soon took up Flynn's cause, tweeting directly at Twitter CEO Elon Musk asking the billionaire to reinstate Flynn.
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